Rivian Stock Is Down 90% Since Its IPO. The EV Giant Is an Investor Trap.
RIVNRivian Automotive(RIVN) Investor Place·2024-07-15 18:10

Rivian (NASDAQ:RIVN) is down over 90% from its IPO price, but investors still seem to hold out hope for Rivian stock. This, even though the company has been consistently missing production goals. Its Georgia facility’s plans were delayed because of cash flow issues. These factors have led to a bearish long-term trend known by most investors.However, this is also a stock that’s seen a swift uptick of late because of a key catalyst I’ll get to in a minute. So, the question is whether RIVN stock may be a buy g ...